Answer:
The below solution will guide your believe of what should be appropriate qualitative assumptions for inherent risk.
Explanation:
Answer:
initial cash flow is 2,929,000
Explanation:
Attached is the table
Answer:
The amount to be repot is $1,450,000
Explanation:
in this question, we are asked to calculate the amount of selling expenses to be recorded in the company’s consolidated income statement for that year.
To answer this question, we employ a mathematical approach;
Mathematically;
Selling expenses = Total expenses - Contra Expenses
from the question, we identify that total expenses is (1,100,000 + 400,000) = $1,500,000
Contra expenses = $50,000
The selling expenses is thus; 1,500,000 - 50,000 = $1,450,000
Answer:
Spotlighter, Inc.
Cash
Account Titles Debit Credit
Beginning balance $0
Notes Payable $4,740
Common stock $5,430
Equipment $1,000
Supplies $1,100
Ending balance $8,070
Notes Payable
Account Titles Debit Credit
Beginning balance $0
Cash $4,740
Equipment 1,600
Ending balance $6,340
Common stock
Account Titles Debit Credit
Beginning balance $0
Cash $5,430
Equipment
Account Titles Debit Credit
Beginning balance $0
Cash $1,000
Notes Payable $1,600
Ending balance $2,600
Supplies
Account Titles Debit Credit
Beginning balance $0
Cash $1,100
Accounts Payable $1,500
Ending balance $2,600
Accounts Payable
Account Titles Debit Credit
Beginning balance $0
Supplies $1,500
Ending Balance $1,500
Explanation:
1) Data and Transaction Analysis:
a. Cash $4,740 Notes Payable $4,740
b. Cash $5,430 Common stock $5,430
c. Equipment $2,600 Cash $1,000 Notes Payable $1,600
d. Supplies $1,100 Cash $1,100
e. Supplies $1,500 Accounts Payable $1,500
Answer: Direct foreign investment
Explanation:
The direct foreign investment is one of the investment process that helps in controlling the business ownership and in this the investment is basically create by one organization in some other country or location.
The economic development and the easy international trading are the main benefit of the direct foreign investment.
According to the given scenario, the Oldhust corporation is one of the electronic company that basically bought the other electronic firm in the other country and this example is refers as the direct foreign investment.
Therefore, Direct foreign investment is the correct answer.
